With the FOMC and numerous corporate earnings announcements due this week, futures are indicating a modestly higher market. Oil prices reached a six-month high last week before falling at times in overnight trading in response to remarks by Trump.
With the FOMC and numerous corporate earnings announcements due this week, attention is focused on market trends. Oil prices reached a six-month high last week before falling approximately 2% at times in overnight trading. Meanwhile, futures have been trading modestly higher.
The market is expected to face a test from Wednesday into Thursday, and for now, investors continue to cautiously assess clues about the outlook.